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(RTTNews) - Rochefort Asset Management, a U.S. national security-focused private credit firm, Monday announced that York Space Systems (YSS), an aerospace and defense company, has agreed to acquire ALL.SPACE, a Rochefort-financed company that provides advanced satellite communications terminals and multi-network connectivity solutions.
The financial details of the transaction, set to close in the third quarter, have not been divulged.
Upon transaction close, ALL.SPACE will operate as a wholly owned subsidiary of York.
In pre-market activity, YSS shares were trading at $25.75, up 7.17% on the New York Stock Exchange.
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